Villere ST Denis J & Co. LLC raised its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,945 shares of the company's stock after acquiring an additional 21,205 shares during the quarter. Villere ST Denis J & Co. LLC owned approximately 0.15% of Reynolds Consumer Products worth $7,538,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Ariel Investments LLC increased its position in shares of Reynolds Consumer Products by 6.1% during the fourth quarter. Ariel Investments LLC now owns 7,446 shares of the company's stock worth $201,000 after acquiring an additional 426 shares during the period. Isthmus Partners LLC raised its holdings in Reynolds Consumer Products by 0.6% in the fourth quarter. Isthmus Partners LLC now owns 87,307 shares of the company's stock valued at $2,356,000 after acquiring an additional 533 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Reynolds Consumer Products by 4.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company's stock valued at $363,000 after purchasing an additional 566 shares in the last quarter. Versant Capital Management Inc raised its stake in Reynolds Consumer Products by 38.1% in the first quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock valued at $61,000 after buying an additional 701 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Reynolds Consumer Products by 0.7% during the 4th quarter. Swiss National Bank now owns 124,000 shares of the company's stock worth $3,347,000 after buying an additional 900 shares during the last quarter. 26.81% of the stock is currently owned by hedge funds and other institutional investors.
Reynolds Consumer Products Stock Performance
NASDAQ:REYN traded up $0.36 during mid-day trading on Tuesday, reaching $21.78. The stock had a trading volume of 1,765,678 shares, compared to its average volume of 905,740. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 1.80. The business has a 50 day simple moving average of $22.34 and a 200 day simple moving average of $24.21. Reynolds Consumer Products Inc. has a twelve month low of $20.91 and a twelve month high of $32.65. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 13.61 and a beta of 0.58.
Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, hitting analysts' consensus estimates of $0.23. Reynolds Consumer Products had a return on equity of 16.87% and a net margin of 9.11%. The company had revenue of $801.00 million for the quarter, compared to the consensus estimate of $821.99 million. During the same period in the previous year, the business earned $0.23 earnings per share. Reynolds Consumer Products's quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts expect that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.
Reynolds Consumer Products Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Friday, May 16th. Reynolds Consumer Products's dividend payout ratio (DPR) is presently 57.50%.
Analyst Ratings Changes
A number of research firms have recently commented on REYN. UBS Group dropped their price objective on Reynolds Consumer Products from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Truist Financial dropped their price target on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on shares of Reynolds Consumer Products from $26.00 to $24.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Royal Bank Of Canada restated a "sector perform" rating and issued a $30.00 target price on shares of Reynolds Consumer Products in a report on Monday, April 28th. Finally, Canaccord Genuity Group cut their price target on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $28.33.
View Our Latest Stock Analysis on Reynolds Consumer Products
Insider Buying and Selling at Reynolds Consumer Products
In related news, Director Rolf Stangl acquired 4,500 shares of Reynolds Consumer Products stock in a transaction dated Friday, June 20th. The shares were acquired at an average cost of $21.24 per share, for a total transaction of $95,580.00. Following the completion of the transaction, the director directly owned 30,889 shares of the company's stock, valued at $656,082.36. The trade was a 17.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Chris Mayrhofer acquired 18,218 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were bought at an average price of $22.14 per share, with a total value of $403,346.52. Following the transaction, the chief accounting officer owned 18,218 shares in the company, valued at $403,346.52. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 34,766 shares of company stock valued at $765,632 in the last three months. 0.15% of the stock is currently owned by company insiders.
Reynolds Consumer Products Company Profile
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Free Report)
Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.
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